Panel Interest on Late payment of TDS/Advance tax/FBT

A/c entries 4278 views 6 replies

hi,

pl let me know what is the treatment of Interest on Late deposit of TDS/advance tax/FBT ?i m, little bit confused on this issue.whether it is expense out or will be added on appropriate tax payment ?

thanx in advance

 

 

 

Replies (6)

it is juz a tax payment

it can not be availed as a expense according to IT rules.bcoz its due to personal default and has no intersest in business

 Hi All

Pls send me Tds &  Fbt  Late deposit  interest in excel format

 

Originally posted by :sanjay Gupta
"  Hi All
Pls send me Tds &  Fbt  Late deposit  interest in excel format
 
"

Hi All
Pls send me Tds &  Fbt  Late deposit  interest in excel format

Pls send me Late payment intrest on TDS in excel format.

Thank you in advance

hi

I WANT TO KNOW  WHETHER  INTEREST SHOULD BE PAID ON ED CESS AND SP ED CESS ON ADVANCE TAX


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